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Technology Stocks : Alcatel Telecom (ALA) -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (139)	9/4/1998 2:32:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 285

Department of Justice Clears Alcatel/DSC Merger PR Newswire, Friday, September 04, 1998 at 14:08 PARIS, and DALLAS, Sept. 4 /PRNewswire/ -- Alcatel (NYSE:ALA) and DSC Communications Corporation (NASDAQ:DIGI) have been notified by the Antitrust Division of the Department of Justice (DOJ) that it has completed its review of the pending agreement of Alcatel to acquire DSC and has terminated the waiting period under the Hart-Scott-Rodino Antitrust Act with no additional actions required from Alcatel or DSC. As announced on June 4, 1998, Alcatel and DSC entered into a definitive agreement under which Alcatel will acquire DSC in a stock-for-stock transaction. Both companies' boards of directors unanimously approved the acquisition and DSC shareholders approved the agreement at its August 27, 1998 special meeting. The closing of the deal is anticipated to be completed promptly. DSC has redeemed all of the preferred stock purchase rights issued to holders of DSC common stock at the redemption price of $0.01 per right, payable in cash. A world leader in telecommunications systems and equipment, as well as related cables and components activities, Alcatel operates in over 130 countries. Alcatel provides complete solutions and services to operators, service providers, enterprises and consumers, ranging from backbone networks to user terminals. For more information, visit Alcatel on Internet: alcatel.com or the U.S. web site at usa.alcatel.com. DSC Communications is a global provider of advanced telecommunications products, including digital switching, transmission, access and network management systems. DSC's integrated network solutions support voice, data and broadband services, such as intelligent network, wireless and switched digital video applications. DSC had 1997 annual revenues of approximately $1.6 billion and is active in more than 60 countries worldwide. For more information about DSC and its products, please visit the company's web site: dsccc.com. SOURCE DSC Communications Corporation -0- 09/04/98 /CONTACT: Michael Haase, Investor Relations of DSC Communications, 972-519-6855, or Mhaase@ccmail.dsccc.com; or Media: Christophe Lachnitt, +33 0 1 40 76 12 19, Fax: +33 0 1 40 76 14 05, or Christophe.Lachnitt@alcatel.fr, or Mark Burnworth, 972-996-5986, or Mark_a_burnworth@aud.alcatel.com, or Investors: Charlotte Laurent-Ottomane, +33 0 1 40 76 13 30, or Ottomane@ahqps.alcatel.fr, all of Alcatel/ /Web site: alcatel.com /Web site: usa.alcatel.com /Web site: dsccc.com